Simonson: Gains in construction sector "lamentably small"

03/12/2012 | (U.K.)

In November and December, 47,000 jobs were added to the construction sector, according to AGC data. The 13,000 job loss in February is "probably more of a seasonal correction than the start of a new trend," said Ken Simonson, AGC's chief economist. Nevertheless, the unemployment rate for the industry stands at 17.1%, and gains are "lamentably small."

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